2012-01-18 07:30 GMT
The dollar fell versus the euro in early trading
The dollar was little changed at 1.2741 per euro as of 8:30 a.m. in Tokyo after falling 0.5 percent yesterday. The yen fetched 97.88 per euro after a 0.6 percent decline yesterday.
USD/JPY broke support at circa 76.60 to reach a fresh 3-month low of 76.54 on Tuesday, recovering to end the American session at 76.82.
The pound declined 0.4 percent to 83 pence per euro at 5:03 p.m. London time, after rising 1.1 percent over the previous two days. The currency slid 0.6 percent to A$1.4767 after falling to A$1.4713, the weakest since February 1985. Sterling strengthened 0.2 percent to $1.5348.
Canada’s currency touched C$1.0113 per U.S. dollar, the strongest since Jan. 4. It ended 0.3 percent higher at C$1.0151 in Toronto. One Canadian dollar purchases 98.51 U.S. cents.
The Australian Dollar is approaching 1.0370, after it recovered from a dip which halted ahead of 1.0350. AUD/USD retreated 100 pips from its daily highs seen on Tuesday. AUD/USD peaked at a 2 ½-month high of 1.0447 before Wall Street opening, but then dropped nearly 100 pips throughout the NY session.
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2012-01-18 04:30 GMT
Japan - Industrial Production (YoY) (Nov)
2012-01-18 09:30 GMT
UK - ILO Unemployment Rate (3M) (Jan)
2012-01-18 09:30 GMT
UK - Average Earnings including Bonus (3Mo/Yr) (Nov)
2012-01-18 09:30 GMT
UK - Claimant Count Change (Dec)
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2012-01-18 04:36 GMT
Japan Nov Industrial Production (YoY) -4.2%
2012-01-18 04:34 GMT
Japan Capacity Utilization -2.9% in Nov
2012-01-18 04:34 GMT
Japan Industrial Production (MoM) -2.7% in Nov
2012-01-18 00:34 GMT
Australia Dec New Motor Vehicle Sales (YoY) -3%
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AUDUSD
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| 1.03995 / 003 |
| 0.0024 |
0.24% |
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NZDUSD
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| 0.80340 / 350 |
| 0.0034 |
0.42% |
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USDCHF
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| 0.94567 / 580 |
| -0.0037 |
-0.39% |
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USDCAD
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| 1.01403 / 415 |
| -0.0012 |
-0.12% |
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GBPJPY
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| 117.884 / 896 |
| 0.065 |
0.06% |
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EURCHF
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| 1.20963 / 980 |
| 0.0005 |
0.04% |
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GOLD
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| 1657.08 / .44 |
| 4.8301 |
0.29% |
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SILVER
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| 30.21 / .24 |
| 0.14 |
0.47% |
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EURUSD 1.27906 / 1.27910
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High: 1.27927 | Low: 1.27333 | Chg: 0.0055 0.43%
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SUMMARY
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TREND
up
trend
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MA10
Bullish
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MA20
bullish
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STOCHASTIC
neutral
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MARKET ANALYSIS - Intraday Analysis
After price formed bottom at 1.2624 (S3) EURUSD was able to break above 1.2711 (S1) and now has found a strong resistance at 1.2807 (R1). If we take a look in the short term time frame, the price is heading close to the downtrend trend line 1.2843 (R2). A break above that level will be suggesting target at 1.2878 (R3) and possibilities for a trend reversal. On the other hand if price fails to break above 1.2807 (R1) we will then expect the price to retest 1.2711 (S1) and then further decline towards 1.2647 (S2). We are in a very crucial level as it is a possibility to either have a continuation of the downtrend or a breakout and trend reversal.
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GBPUSD 1.53709 / 1.53718
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High: 1.53745 | Low: 1.53264 | Chg: 0.0035 0.23%
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SUMMARY
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TREND
up
trend
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MA10
bearish
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MA20
Bearish
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STOCHASTIC
neutral
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MARKET ANALYSIS - Intraday Analysis
GBPUSD formed higher bottoms and now is moving towards 1.5409 (R1) a technical and psychological resistance level for the bullish. A break above that level, it will be a proper conformation for long positions as we expect the price to retest 1.5487 (R2). On the downside, decline below 1.5320 will be confirmed the short positions towards 1.5278 (S1) and then 1.5233 (S2).
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USDJPY 76.693 / 76.699
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High: 76.844 | Low: 76.653 | Chg: -0.133 -0.17%
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SUMMARY
Down
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TREND
down
trend
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MA10
bearish
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MA20
Bearish
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STOCHASTIC
oversold
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MARKET ANALYSIS - Intraday Analysis
USDJPY fell yesterday and was supported at 76.55 (S1) and now it seems that it is going to retest that level. We expect the price to retest and then break below our support level targeting fresh lows at 76.03 (S2) and 75.54 (S3). Look for short positions below 76.55 (S1) with a stop loss above 77.05 (R1).
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